They want to outlaw cash so's they can inflict negative
interest rates on US whether we like it or not.
(If my bank tries to charge me for holding on to my money . . .
I'd probably pull it out and stuff it into my freezer or something.
If there is no cash . . . kinda hard to to that.)
Central banks cannot push interest rates appreciably below zero because savers would hoard cash. If there is no cash, the zero bound is eliminated” [emphasis added].
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